Overview of Education Loan in Bawal, Rewari
Bawal, Rewari, an emerging hub in Haryana, offers students access to education loans for pursuing higher studies in India or abroad. Education loans in Bawal, Rewari for 2025 provide financing with interest rates starting at 8.50% p.a. Lenders like SBI, HDFC Credila, and Axis Bank offer loans up to ₹75 lakh with tenures up to 15 years. Loanpao helps Bawal residents compare offers, check eligibility, and apply online for quick approvals to support academic aspirations.
Eligibility Criteria for Education Loan in Bawal, Rewari
| Criteria | Details |
|---|---|
| Age | 18 to 35 years |
| Academic Record | Minimum 60% in 10th, 12th, or graduation |
| Course | Approved courses (graduate, postgraduate, or vocational) in recognized institutions |
| Co-applicant | Parent/guardian with stable income; minimum ₹15,000/month |
| Residence | Valid Bawal, Rewari address proof |
Documents Required for Education Loan in Bawal, Rewari
- Identity Proof: Aadhaar, PAN Card, Passport, or Voter ID (student and co-applicant).
- Address Proof: Utility bill, Aadhaar, or rental agreement (Bawal, Rewari address).
- Academic Documents: 10th, 12th, and graduation mark sheets, admission letter.
- Income Proof (Co-applicant): Salary slips (last 3 months), bank statements (last 6 months), ITR (last 2 years for self-employed).
- Course Details: Fee structure, course duration, and institute recognition proof.
- Photograph: Recent passport-size photographs (student and co-applicant).
Benefits of Education Loan in Bawal, Rewari
- Loan amounts up to ₹75 lakh for domestic or international education.
- Competitive interest rates starting at 8.50% p.a. in 2025.
- Long repayment tenures up to 15 years with moratorium period.
- Quick disbursal within 7–15 days post-approval.
- Covers tuition, accommodation, and other study-related expenses in Bawal, Rewari.
Factors Affecting Education Loan in Bawal, Rewari
Interest Rate
Rates range from 8.50% to 12.50% p.a., based on course, institute, and co-applicant’s credit profile.
Loan Amount
Up to ₹75 lakh, depending on course costs and co-applicant’s repayment capacity.
Course and Institute
Recognized institutes and professional courses get better terms in Bawal, Rewari.
Co-applicant’s Income
Stable income (minimum ₹15,000/month) ensures smoother approvals.
How to Apply for an Education Loan in Bawal, Rewari
Follow these steps to apply for an education loan in Bawal, Rewari through Loanpao:
- Visit loanpao.in and select "Education Loan in Bawal, Rewari."
- Fill out the online application form with details (student’s name, Bawal, Rewari address, course details).
- Upload required documents (Aadhaar, academic records, co-applicant’s income proof).
- Compare offers from top Bawal, Rewari lenders like SBI, HDFC Credila, and Axis.
- Get approval and funds disbursed within 7–15 days in Bawal, Rewari.
Loan Eligibility for Education Loan in Bawal, Rewari
Check your eligibility for an education loan in Bawal, Rewari with Loanpao’s tool:
- Enter your academic details (60%+ in 10th, 12th, or graduation).
- Provide co-applicant’s income details (minimum ₹15,000/month).
- Specify course and institute details (recognized institutions).
- Include your Bawal, Rewari residence details for localized offers.
Loanpao will assess your eligibility and suggest the best education loan offers in Bawal, Rewari.
Check Eligibility NowTrack Your Education Loan Application in Bawal, Rewari
Loanpao provides a seamless tracker for your education loan application:
- Submit your application ID on the Loanpao Tracker page.
- Get real-time updates on status (e.g., under review, approved, disbursed).
- Receive notifications for disbursal updates in Bawal, Rewari.
- Contact Loanpao support for assistance with delays in Bawal, Rewari.
Education Loan Comparison in Bawal, Rewari
Compare education loan offers from top lenders in Bawal, Rewari:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| SBI | 8.50% p.a. | Up to ₹75 lakh | Up to 15 years | ₹10,000 flat |
| HDFC Credila | 9.00% p.a. | Up to ₹60 lakh | Up to 12 years | 0.5–1% of loan amount |
| Axis Bank | 9.50% p.a. | Up to ₹50 lakh | Up to 10 years | 0.75% of loan amount |
Frequently Asked Questions
A minimum of 60% in 10th, 12th, or graduation is required for an education loan in Bawal, Rewari.
Education loans in Bawal, Rewari are disbursed within 7–15 days after approval.
The maximum loan amount is up to ₹75 lakh, depending on course costs and co-applicant’s repayment capacity.
Yes, a co-applicant (parent/guardian) with stable income is required for most education loans in Bawal, Rewari.
Missing an EMI may incur late fees and negatively impact the credit score of the student and co-applicant.
Yes, education loans cover tuition, accommodation, books, travel, and other study-related expenses.